Quotes About Finance

Persons of quality had devoted yester evening and much of the night to liquidating their holdings in the South Sea Company and gathering in clubs and coffeehouses to misinform one another.

The goal was to find products that would keep on making money forever, long after the talent had been paid off and sent packing.

A guy from Bear Stearns had visited our class, thin and bald with a gold watch. He told us that if we were interested in getting into finance, we had better work hard and smart because a lot of machines were able to make investment decisions now, and in the future, computer programs would run everything.

Space exploration may pull in the talent, but war pays the bills.

At $7.5 million, this represents ten minutes of military spending, out of their $400§ billion annual budget.

The liabilities of the bank thus became its deposits (on which it paid interest) plus its reserve (on which it could collect no interest); its assets became its loans (on which it could collect interest).

The subprime butterfly had flapped its wings and triggered a global hurricane.

By discouraging saving and encouraging consumption, accelerating inflation had stimulated output and employment

When bond prices fall, interest rates soar, with painful consequences for all borrowers.

Buying a 100,000 yen bond keeps the capital sum safe while also providing regular payments to the saver. To be precise, the bond pays a fixed rate or 'coupon' of 1.5 per cent: 1,500 yen a year in the case of a 100,000 yen bond. But the market interest rate or current yield is calculated by dividing the coupon by the market price, which is currently 102,333 yen: 1,500 ÷ 102,333 = 1.47 per cent.

man who had exchanged his $1,000 of savings for gold in 1970, while the gold window was still ajar, would have received just over 26.6 ounces of the precious metal. At the time of writing, with gold trading at close to $1,000 an ounce, he could have sold his gold for $26,596.

banks have evolved since the days of the Medici precisely in order (as the 3rd Lord Rothschild succinctly put it), to 'facilitate the movement of money from point A, where it is, to point B, where it is needed'.48 Credit and debt, in short, are among the essential building blocks of economic development, as vital to creating the wealth of nations as mining, manufacturing or mobile telephony.

only when savers can put their money in reliable banks that it can be channelled from the idle to the industrious.

Or, to reassure the bond market, does it cut expenditures in some other area, upsetting voters or vested interests? Or does it try to reduce the deficit by raising taxes?

It nevertheless remains true that, in most countries for which long-run data are available, stocks have out-performed bonds – by a factor of roughly five over the twentieth century.

remember that the interest is paid on the face value of the bond, so if you can buy a 5 per cent bond at just 10 per cent of its face value you can earn a handsome yield of 50 per cent. In essence, you expect a return proportional to the risk you are prepared to take.

as masters of the bond market, the Rothschilds were already more feared than loved. Reactionaries on the Right lamented the rise of a new form of wealth, higher-yielding and more liquid than the landed estates of Europe's aristocratic elites. As Heinrich Heine discerned, there was something profoundly revolutionary about the financial system the Rothschilds were creating:

financial markets saw the war of 1914–18 coming, we should expect to see declines in bond prices or rises in bond yields (since the yield is essentially the interest paid on a bond divided by its market price).

there is nothing safer than lending money to people with property. Why? Because if they default on the loan, you can repossess the house. Even if they run away

The risk was spread across the globe from American state pension funds to public health networks in Australia and even to town councils beyond the Arctic Circle. In Norway, for example, the municipalities of Rana, Hemnes, Hattjelldal and Narvik invested some $120 million of their taxpayers' money in CDOs secured on American subprime mortgages.

los regímenes constitucionales basados en el imperio de la ley son a su vez más susceptibles de experimentar revoluciones financieras que alienten tanto la inversión extranjera como la formación interna de capital. Una

Ch? khi nào ng??i gá»­i ti?n Ä'Æ°a ti?n c?a mình vào các ngân hàng thì s? ti?n Ä'ó má»›i chuy?n d?ch t? v?n nhàn rá»—i tá»›i nh?ng ng??i ch?m ch?

Otros pidieron prestado para financiar un estilo de vida basado en un consumo ostentoso. Los duques de Devonshire, por ejemplo, se gastaban entre el 40 y el 55 por ciento de su renta anual en pagar intereses: tan enormes eran las cantidades que habían pedido prestadas en el siglo XIX. «Lo único que ustedes no tienen —se quejaba uno de sus abogados— es la capacidad de autocontrol.»

Today, banking assets (that is, loans) in the world's major economies are equivalent to around 150 per cent of those countries' combined GDP.